Cash Corp Q1 Q2 Q3 Q4 Accounts Receivables Beginning Receivables Sales (m) Cash collections Ending Receivables Expected sales by quarter (millions) Q1: $80; 22: $100; Q3: $125; Q4: $200 Beginning accounts receivable = $50 million Days receivables = 45 days Cash Collections = how will we compute this? Accounts payable/COGS = 60% of sales in relevant quarter Wages, taxes, and other expenses = 20% of sales in relevant quarter Interest and dividends (payments) = $10 million per quarter Major expansion planned for Q 2 costing $75 million Beginning cash balance = $8 million (minimum cash balance of $5 million required) Cash Collections = Ending Receivables = Beginning Receivables + Sales - Collections Q1 Q2 Q3 Q4 Cash Disbursements Accounts Payable/COGS Wages, taxes, other expenses Capital expenditures Long-term financing expenses (Interest and dividends) Total Cash Disbursements | Q1 Q2 Q3 Q4 Net Cash Flow Toal Cash Collections Total Cash Disbursements Net Cash Flow 01 Q2 Q3 Q4 Cash Balance Beginning Cash Balance Net Cash Flow Ending Cash Balance Minimum Cash Balance Cumulative Surplus (deficit)